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20110730
20110730
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Search Results 0 to 33 of about 34 (some duplicates have been removed)
. it unfortunately happened in this situation, in this place, we're never hoping for a big, destructive system, but when there's the possibility of it bringing some heavy rainfall to places that desperately need it, you want it to happen. in this case, it did not. however, there is the possibility that we may see some development of a different system out in the atlantic. we're going to watch it. it's still days away from affecting anyone at all, and it may not happen at all, but we're still going to watch it for you very carefully. another thing we're watching that is dangerous potentially is the heat. the heat is still relentless across parts of the central plains and back in the midwest. also the northern half of the map, western great lakes, upper midwest, there is going to be a chance that we have some severe storms developing later in the day. severe thunderstorms, deadly lightning a possibility, large hail, maybe even some tornadoes late in the afternoon hours, perhaps even into the early evening. but heat is going to be the major thing that's going to be dangerous for people today. dal
of times on the saturday and sunday morning sessions when there is something big going on. you want the principals to get in the room and figure out how they will work this out. you want reid or his representative or mcconnell or his representatives. somebody from the white house to get into a room and talk this thing over and figure out what they will do in the next 48 hours going forward. that is the most important thing. our people will comb the capitol to figure out what the meetings are going on. >> good luck with that. we know about the two proposals by reid and boehner. folks on capitol hill said they are not too far apart. >> no. they are not too far apart. there is tricky stuff in there. one of the things that makes reid different from boehner is reid's plan considers cost savings as the winding down of the iraq and afghanistan wars. that is $1 trillion of difference. the boehner plan doesn't consider the winding down of the afghanistan and iraq wars. another thing that is in there that is very different from the democrat and republican ideas is boehner has this balanced bu
, looking out for people, not big banks, not lenders, not investment houses, looking out for people-- . >> jon: what, wait, who? who are we looking out for before? (laughter) anyway, the dodd frank act is now one year old. and here to discuss the effect it's having in reforming a damaged financial system, we're very lucky to have with us tonight, hr 4127-- 4173. the dodd frank act, everybody. (cheers and applause) ♪ i'm alone ♪ a 2000 page long ♪ congress passed me without voicing ♪ ♪ i make sure wall street plays by the new regulation ♪ ♪ protecting your investments across the nation ♪ ♪-- . >> jon: hang on there just one second. >> what. >> jon: i'm sorry dodd frank. >> uh-huh. >> jon: what the hell happened to you? >> what dow mean? >> jon: i don't want to say it but you look like [bleep]. >> oh, easy, washington's a tough town, jon. since getting passed yeah i've taken a few shots but i'm still standing. yes, yes, yes, i'm still standing. i'm still here. (cheers and applause) >> in fact, just last week my all new consumer financial protection board opened for
of stuff coming up with all the excitement coming up and weather going on and now the weather maps. big story the last couple of days has been a nonstory, tropical storm don became nothing, unfortunately. folks in texas hopes to get a big storm out of this and get some rain at least. the storm slowed up and they did not get the rain. across the eastern part of the country, across coastal areas, there was some rain but not too far inland but they will take anything they can get the entire state of texas is dealing with the worst drought they have ever had and now the radar, the eastern part of the country will deal with storms. it is hot. humid. we will see more storms this afternoon. texas unfortunately is not beginning to get much rain. in the northern plains, big storms, and some this afternoon, and they will be severe, keep that in mind, and across the west, we will continue to deal with storms cross the four corners. and now, everyone is excited about the state fair for the food and this year, those are doughnuts and a burger. and bacon. how is that for breakfast? take a bite. >> ri
harry reid speak moments ago, a big thumbs down over there, and then -- then -- we will move on. but the number of votes on either side really doesn't matter so much as this number. the number of days and hours now left until the money runs out. this is what we've been warning about for weeks and weeks. still, the vote today was enough to allow the republicans to spike the ball into boehner's court. and he did so with a vengeance. >> i struck my neck out a mile to try and get in agreement with the president of the united states. i stuck my neck out a mile. and i put revenues on the table. in order to try to come to an agreement to avert us being where we are. but a lot of people in this town can never say yes. a lot of people can never say yes. this house has acted. and it is time for the administration and time for our colleagues across the aisle, put something on the table. tell us where you are! >> well, over in the senate, what they are putting on the table is mr. boehner's bill. they'll kill it over there. that's under way right now. we'll let you when the voting is done on
, a big thumbs down over there, and then -- then -- we will move on. but the number of votes on either side really doesn't matter so much as this number. the number of days and hours now left until the money runs out. this is what we've been warning about for weeks and weeks. still, the vote today was enough to al lookout low the republica spike the ball into boehner's court. and he did so with a vengeance. >> i struck my neck out a mile to try and get in agreement with the president of the united states. i stuck my neck out a mile. and i put revenues on the table. in order to try to come to an agreement to avert us being where we are. but a lot of people in this town can never say yes. a lot of people can never say yes. this house has acted. and it is time for the administration and time for our colleagues across the aisle, put something on the table. tell us where you are! >> well, over in the senate, what they are putting on the table is mr. boehner's bill. they'll kill it over there. that's under way right now. we'll let you wln voting is done on that. this makes the vote tonight i
we have to learn the harsh lesson that when we are in an economic free fall, the only entity big enough to pull us out is the collective organization of our government? that is the only place that has the muscle to prevent a recession from turning into a depression, and the balanced budget amendment our colleagues cept us before would absolutely lock down the federal government's ability to respond. that would be a profound mistake, and contradict all we have learned in economics since the great depression. this is what norm ann ornstein at the american enterprise institute said about this constitutional amendment. he called it 5, quote, "really dumb idea." this is what he said. "few ideas are more seductive on the surface and more destructive in reality than a balanced budget amendment. here's why -- nearly all of our states have balanced budget requirements. that means when the economy slows, states are forced to raise taxes or slash spending at just the wrong time, providing a fiscal drag when what is needed is countercyclical policy to stimulate the economy. in fact, the fisc
to what natalie has to say about how to make the grade. >> here it is -- the big test. if it's still more than a week away, you have a chance to make the most of each minute you study. stretching out your studty time is important. in fact, experts at the university ofa' north carolina y the more your study time is spaced out the more you'll remember. that means a half hour a day for five days a better than five hours on one day. so don't wait till the night before. plan out your week leading up to the exam, and give yourself a little more time each night for studying the test subject. i'm natalie here to help you make the grade. these students are rehearsing for their school's big winter play. this year they're staging "the sounds of music." >> i wanted the children to say good night the way they did last night. >> no, not here. >> please, the way they did it for me.$ >> originally a musical on broadway, most of us know the "sound of music" with the movie with julie andrews. ♪ the hills are alive with the sound of music ♪ >> in fact, the film classic is celebrating its 45th anniversar
. today, the big employers here are oil and farming, but the biggest employer of all by far, is the u.s. government, in the form of the military. when america boom, bakersfield. . -- when america boomed, b baker'so feel toomed. all across the south, there are the same problems, not enough credit to solve the housing market. >> general david petraeus is regarded as one of america's best and brightest. he's about to begin a new job as head of the cia. our diplomatic editor has been talking to general petraeus on his way home from afghanistan about america's longest war and other matters. >> nato forces in afghanistan have a new commander. general david petraeus is on the way home. he had been expected to serve longer but has been recalled to head the cia. the force he is leaving behind is now being quicker than he recommended. the insurgency has shown itself capable of hitting back with the assassinations and spectacular attacks. nato insists that they're winning. i asked the general what the possible grounds for optimism could be. >> what we have seen now is developing into a trend. i
of $26.5 billion, the highest total since 1981. the cost of regulations is a big obstacle for american job creators. but when you think about regulations, here are an example of some of the once that can make you laugh. the department of energy requires microwaive makers to measure the amount of energy their products use in the off position. the environmental protection agency wants stricter regulations on the amount of dust on american farms. the department of interior wants to impose a fee on christmas tree sales to promote christmas tree sales. when you think about how government regulations destroy american jobs, these are the statistics that will make you cry. according to a louisiana state university professor, the department of interior's defacto moratorium of exploration in the gulf of mexico could cost $36,1 -- 36,137 jobs. in addition, more than 80,000 jobs could be lost due to the e.p.a. regulations targeting the cement industry. and e.p.a. gas regulations could cost $1 -- 1.4 million jobs. the american people place an upper limit on the damage that washington democrats coul
depends on how big it it is then when it goes back to the house. >> is there enough time to get it together and actually pass something? >> you know, i think there is in washington time. it doesn't look like there is because of how slow things typically move, but this is very, very real, and when you're scheduling 1:00 a.m. cloture votes, they know the time is ticking. it's 85 hours and counting, and you know, they're going to have to get a deal because they see the consequences, not only economically, but politically. >> okay. as ridiculous as this may sound to some, was there ever a possibility about like a one-page document simply raising the debt ceiling and then dealing with the rest of this stuff when we don't have this, you know, deadline hanging over our heads of august 2nd? >> that's what the house republicans and sort of the tea party caucus would not go along with. remember, that was president obama's original position, raise the debt ceiling separate and then we'll deal with spending cuts later. but that is not being allowed by many in the tea party caucus because fr
. there is big cracks in the ground where they were just little cracks. and it is just getting worse. >> unbelievable. another sign of the worsening drought this week is ponds evaporate, ranchers are selling their cattle early at a loss. this is likely to translate into higher food prices for all of us. >>> just three days until possible default and still no solution in sight. the u.s. senate rejected a u.s. house plan to raise the debt ceiling last night. and in just a few minutes or so, the house is expected to block a senate plan to raise the debt ceiling. democrats and republicans continue to spar on capitol hill. >> this is not a crisis which we couldn't control. this isn't an earthquake or a tornado or a hurricane. it isn't a war. it is a created political crisis. the extension of the debt ceiling has been done routinely 89 times since 1939, 55 times by republican presidents, 34 times by democratic presidents, and president ronald reagan holds the record having extended the debt ceiling 18 times in eight years without a confrontation, without the american economy threatening a
't start either one of them. we don't need to go in to the wars. i haven't been a big fan of iraq war. that war was cost us almost $2 trillion. the afghanistan and iraq war is winding down. office management of budget office has looked at this and said if you take a trillion dollars and lower the debt and allow us to take additional $200 billion in interest savings, that is what we have in our bill. it's all been done by non-partisan congressional budget office. i can't imagine the fact they have voted for it, 230 republicans voted for that in the budget. 40 republicans voted for it. why is it something suddenly they don't want? (question is inaudible). >> your math is terrific. we got 60. the issue has been for a week or so a trigger. yes, the joint committee doesn't come up with a result. what should happen. we've been willing to say that we're happy if we don't arrive at the budget goals with the joint committee that certain things should happen. we've been willing to say that there could be a sequestration as long as it included revenues. it's unfair to make it a spending bill whe
and overseas will be paid because if they are not, there would be a big crisis. there alsoeen suggestions by some that social security recipients should be paid. there been suggesons by others that the members of the active military should be paid. has anyone said that veterans should be paid no matter what? not necessarily. should schoolteachers, should local school boards receive money, highways, should welfare recipients? it is uncertain who would not get money if the government no longer had sufficient money to borrow. these are the kinds of questions that have been thought about but it really little public discussion because as the treasury department does not want to alarm the public that this might happen. host: earlier we talked about republicans on the fence. this is from the "wall street journal." the listed also democrats on the fence. they listed these. guest: there are differences among republicans and also among some democrats. having said that, there was one kevote in the house yesterday and in the senate. on each of those two votes, the democrats voted unanimously. we have
. that has been the big stumbling block because republicans we're not interested in lacing taxes, no way. it will be interesting to see how they get that back to make those trig teors get all the parties at the table. >> gregg: very busy saturday on capitol hill. >> heather: so the question is what happens if no debt deal is reached. many analysts say we don't know the true effects. it is uncharted territory. here are some possibilities. you will see higher interest rates and pay more immediately on credit card debt. home and car loan rates, those will rise. stock market could plunge costing you dealer. the u.s. dollar would almost certainly plummet on the world market raising the prices that we pay for imported products. we could see a state funding crisis as well if the federal government can't fork over aid to the states they will have to fund their massive budgets and federal funds for student loans would freeze, billions would not be paid. >> gregg: so critics are questioning where the president is in all of this. that was what speaker barren was sailing. president obama urged lawma
hoping for a big drenching. think of texas almost like a hot pizza oven and all we did was throw a napkin in it. this storm dissipated faster than almost any storm i've seen before. it didn't even go into the mountains and dissipate, it literally evaporated as it moves over brownsville. you can see it on the satellite imagery. it was the big red blob, and as soon as it got to the dry land in texas, poof. all of a sudden, don was gone. so not good news down there. the storm system is -- what's left of it, circulation is going to head for mexico anyway so it looks like just scattered showers and storms in texas during the day today. we'll take what we can get, but this wasn't the answer we were hoping for. there's not a lot of wet weather on the map, there are showers in missouri, also showers in the northern plains. your forecast for today, rain likely more or less in mexico, not texas. hot weather for dallas once again. warm and sunny in the northeast. as we go into the sunday forecast, we should see a lot of thunderstorms in the midatlantic and monsoonal showers and storms continue aroun
of people in this room. it is too big to discuss these important matters. this was at the essex house hotel. what he suggested after the session was find a room in the hotel and i will undertake to be there with no time limit to discuss whatever you want to discuss. immediately defeating the protest completely because nobody wanted to do that. that shut her up. there was a big quarrel between representing -- grace paley representing the views of female delegates that they were seriously underrepresented on the panels which was true. she got into a quarrel with norman mailer which led to his remark that he hadn't set up this congress to be put away by grace paley which led to grace paley being on the front page of the new york post. that is quite an achievement which she could not have expected. also led to sun tag and border -- susan's on deck remarked literature was not an equal opportunity employer which didn't go down at all well. susan didn't care. there was a big fight, saul bellow -- one of my favorite memories was the opening ceremony was that the public library and because norman ma
as the vice president and that he says they are fully engaged in serious negotiations. that is a big statement. i'll tell you almost as quickly as we heard that come from the top republican in the senate we also heard from senate majority leader harry reid as he was returning to the capitol from a meeting at the white house with the president. he was asked if they were any closer to an agreement and reid said very firmly no. one reason could be is we're hearing from democratic leadership aides in the senate, the possible pessimism they said republicans have not moved off from their position that they support the house speaker john boehner's bill. what we're seeing a lot of is a lot of back and forth here. it is a very fluid situation as you know, wolf. one thing we're keeping our eye on is potential for a very late night, 1:00 a.m. vote, the first test, a test vote for senator reid's proposal to raise the federal debt ceiling as he's pushing that proposal forward at the same time. >> they need 60 votes for reid's proposal to get through the senate because the republicans at least some of them
citizens while it gives big tax breaks for oil? is it level so we can give tax breaks to corporations sending jobs overseas? is it on the level for us to make children -- young people and their families pay more for their college education so we can give tax breaks to the high end? is it on the level to bring a boehner bill to the floor that makes all those cuts, undermines social security, eliminates medicare and it doesn't charge one red cent to people who have benefited so much from the greatness of our country? is it our best? is it our best to drag this out for all this time to keep in sess spence as to whether we would -- suspense as to whether we would honor our constitutional responsibility to pay our debts? the constitution says the national debt has to be recognized. it has to be recognized. and recognize we did. president after president, 3 times in -- 32 times in recent memory, including when president bush was president, at that time, even though many of us did not agree with the war in iraq, did not agree the tax cuts for the wealthiest people in our country to the tunes
three instances, there are more, but those are three big ones where, again, no clear authority by the constitution but no pro hicks in the constitution for the -- but no prohibition in the constitution to do so and where the vital security of the united states was at stake. i'll close on this: i believe this is just like those times. the security, the future improvement of the united states, and future generations depend upon the president taking this action, boldly and forthrightly, to preserve the integrity and to make sure that the obligations and the full faith and credit of the united states is not questioned. madam president, i yield the floor. a senator: madam president? the presiding officer: the senator from indiana. mr. coats: madam president, thank you. i wonder if i could ask how much time is allocated? i know we're a little oust kill tear with the -- we're a little out of kilter with the allocation of time. how much time do i have to speak and i want to make sure my colleagues have sufficient time to speak also. the presiding officer: under the previous order, the
. president obama is too committed to the european style of big government that his policies have set in motion. the democrats in washington think the answer is not to cut spending, but to raise taxes and keep on spending. democrats claim they would only target the privileged few. behind the scenes, they argued for much broader tax increases. the simple fact is, in order to afford the kind of government this president wants, taxes would have to be increased dramatically and for middle income americans, not just on the wealthy. job killing tax increases are the wrong medicine for our struggling economy. back in 2009, president obama admitted you do not raise taxes in the middle of a recession. this advice is just as true today. at the moment, more than 40 million americans are looking for work and cannot find it. according to economists, a healthy economy is one in which unemployment is around 5%. the unemployment rate today is 9.2%. we got more bad news yesterday. our economy grew at an annual rate of 1.3% in the second quarter. forced -- first quarter growth was 4/10%. raising taxes
Search Results 0 to 33 of about 34 (some duplicates have been removed)